Tyson Foods Inc. made a bid to buy Michael Foods Group Inc., the processing and distribution business controlled by Goldman Sachs Group’s private-equity arm, according to two people familiar with the matter.
It’s unclear how much competition Tyson will have for Michael. Some bids could come this week for the company, which may be worth about $2 billion, one of the people said. Offers were due at the end of last week and several private-equity firms were considering bids, said the two people, who asked not to be identified because the sale process is private.
Worth Sparkman, a spokesman for Springdale, Arkansas-based Tyson, declined to comment on the bid. Voicemail messages left for Michael Chief Financial Officer Mark Westphal and Diane Sparish, a spokeswoman, weren’t returned.
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